Succumbing under selling pressure for the second session, Canadian stocks lingered in the red in mid-morning deals Friday.
The gauges of a majority of sectors were in negative terrain, with the heavily weighted financials and energy stocks turning in particularly poor performances.
Traders were digesting mixed cues from the employment numbers from both sides of the border. Moreover, concerns over the financial troubles in the countries in euro region also weighed on sentiment.
The S&P/TSX Composite Index was down 76.56 points or 0.69% to 11,052.20, its three-month low. Notably, the index has plummeted over 250 points in Thursday to hit its lowest level in the week.
The prices of oil and gold edged down marginally, after a huge sell-offs in the previous session. Oil was down $0.03 to $73.11 a barrel, while the price of bullion eased $2.00 to $1,060.40.
The Energy Index gave in 1.34%. Baytex Energy (BTE_UN.TO) surrendered 2.46% and Encana Corp (ECA.TO) was down 1.85%.
Among financials stocks, National Bank of Canada (NA.TO) lost 1.20% and Canadian Imperial Bank (CM.TO) slipped 0.51%.
Information technology play RDM Corp. (RC.TO) surrendered 7.78% even after reporting a narrower loss. The company said today its first quarter net loss and comprehensive loss was down to C$0.02 per share from C$0.08 per share last year.
Full service retail drug store operator Shoppers Drug Mart (SC.TO) eased 0.14% to C$42.78 after UBS trimmed the price target on the stock to C$50 from C$52.
Similarly, Fortis Inc. (FTS.TO) edged down 0.36% to C$27.66 after its price target was trimmed by C$1 to C$30 at RBC. Bucking the negative trend, commercial real estate company Brookfield Properties (BPO.TO) rose 3.79% after it said its fourth-quarter funds from operations increased to $222 million from $191 million in the year-ago period.
Open Text (OTC.TO) moved up 1.72% after it reported better earnings numbers yesterday.
Bombardier Aerospace (BBD_B.TO) gained 2.27% after announcing that it has delivered 302 aircraft for the fiscal year ended January 31, 2010 versus 349 aircraft deliveries made in the previous fiscal year 2008-09.
Canadian stock exchange operator TMX Group (X.TO) edged up 0.36% even after its price target was trimmed to $32 from C$33 at RBC.
In economic news, Statistics Canada said the economy has created more jobs in January than expected, with the employment rising by 43,000 in the month, against the consensus estimates for a rise of 15,000. With this, the unemployment rate fell to 8.3%.
From across the border, the U.S. Labor Department said payrolls fell 20,000 in January, while economists were expecting it to increase by 15,000. However, unemployment rate unexpectedly declined to 9.7%.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.